of the financial sector. there's other sobering data as well, showing a still sluggish recovery. the commerce department revised its estimate of second-quarter economic growth down yesterday from 1.7%. mitt romney seized on the change in springfield, virginia. >> we are at 1.3%. this is... this is unacceptable. >> woodruff: other economic indicators also paint a mixed picture. the stock market itself, while down today, has been climbing in recent weeks to its highest levels in nearly five years. today, the dow jones industrial average lost almost 49 points after a weak manufacturing report and worries over europe to close just over 13,437. and the housing market may be stabilizing. a key index showed home prices rose in july to the highest level in almost two years, pointing to a recovery there. consumer spending was also up last month, but it was largely to pay for higher gasoline prices. for a closer look at all this with two people who follow these matters closely, we turn to kenneth rogoff, a professor of economics and public policy at harvard university, and co- author of "this time, it'